Closeout At Big Lots!

Big Lots folds.

The biggest threats to America.

• Donald J. Trump
• Republicans 
• Joe Biden 
• Israel
• Russia
• White supremacy 
• Christian nationalism
• Jewish nationalism
• Police immunity 
• Democrats
• Private equity firms
• Uneducated people 
• Status quo
• Fox 
• Elon Musk
• Gun violence
• Greed
• Jeff Bezos
• Benjamin Netanyahu 
• Catholics
• Artificial Intelligence 
• Sexually transmitted diseases 
• Billionaires

If this list offends you, good. Because I am no longer shielding the obvious. These individuals and entities are furthering America's decline. These entities pose a clear and present danger to people of color, the needy and working class.

Damn shame we voted for the chaotic status quo of a Trump presidency.

This is the results of a Biden presidency. Once Trump gets back in, it only gets worse.

The Columbus, Ohio based discount retailer and closeout furniture company is officially going out of business.

Big Lots confirm that the private equity firm backed out of purchasing the company. Now it goes to Chapter 7 liquidation. It will close the 790 stores nationwide.

Founded in 1967 as Consolidated Stores, it has over 900 locations across the United States. Big Lots stores typically sell closeout and overstock merchandise from other stores, although some stores also sell furniture.

In October 2023, CreditRiskMonitor reported that Big Lots was nearing a potential Chapter 11 bankruptcy filing. The company closed 52 stores in 2023. In July 2024, Big Lots announced the closure of 35 to 40 underperforming locations nationwide, blaming inflation and high rising costs as part of the decision. The company warned that it might not be able to survive the rest of 2024 and that a Chapter 11 bankruptcy filing might be imminent; in the first quarter of 2024, net sales decreased 10.2% compared to the first quarter of 2023. Of the company's 1,400 stores nationwide, 144 stores were confirmed to be closing that month including one in Rapid City, South Dakota, the only one in the state. In a filing on July 31, 2024, Big Lots reported that it would close up to 315 stores.

On August 28, 2024, Big Lots warned that they could file for Chapter 11 bankruptcy protection within the coming weeks, blaming declining sales caused by rising interest rates as part of the decision. The company is searching for options to avoid a potential filing. The company's stock sank 27% after the announcement. On September 9, 2024, Big Lots filed for Chapter 11 bankruptcy protection, with plans to sell itself to Nexus Capital Management.

On December 19, 2024, Big Lots announced that it did not anticipate closing the sale to Nexus, and that the company would begin “going out of business” sales at all of its 963 remaining locations. CEO Bruce Thorn said the company would continue “efforts to secure an alternative deal with Nexus or another party".

Big Lots said in a release Thursday that it no longer anticipates being able to complete a previously announced agreement with a private equity group to salvage the company.

However, it said, it continues to work toward completing an alternative transaction with the group, Los Angeles-based Nexus Capital Management, or another party.

In September, Big Lots filed for Chapter 11 bankruptcy reorganization after having suffered continuous losses. The Columbus, Ohio-based firm has announced hundreds of store closings this year.

The brick-and-mortar retail landscape in general took another series of blows in 2024, with 49 retail bankruptcies (including those of automobile dealers and direct-to-consumer brands) in the United States, compared with 25 retail bankruptcies tracked in 2023, according to data from Coresight Research, a consumer insights group.

Coresight has confirmed more than 7,300 store closings this year, led by Family Dollar, with 718, followed by CVS, with 586, and Big Lots, with 580.

That compares with 4,627 store closings across the retail industry by this time last year, Coresight said.